Valatie Volunteer Rescue Squad Inc

Analysis

Valatie Volunteer Rescue Squad Inc is a registered charity in United States, based in Valatie, NY. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Valatie Volunteer Rescue Squad Inc reported income of $3.3m and spending of $2.7m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.3m (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valatie Volunteer Rescue Squad Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Cambridge Health Alliance Foundation Inc ($3.3m), Thomas Oneill Catholic Health Care Fund Inc ($3.3m) and St Johns Penfield Homes Corporation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $63k (2.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.2m against liabilities of $181k, net assets of $1.0m. It reported 58 employees.